Notes 2

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Stock Symbol (Ticker)

• Stock symbol is an arrangement of characters, around 4-5 characters, representing pubicly-traded securities on an exchange. It can denote additional characteristics like share class or trading restrictions.
• Different types of stock symbols, include preferred stock (PR) like CTC.PR.A, voting rights GOOG (Class C shares) and GOOGL (Class A shares), BRK.A (greater voting rights) and BRK.B, etc.
• A: Class A shares, e.g BRK.A
• B: Class B shares, e.g. BRK.B
• C: Issuer Qualification Exception—the company does not meet all the exchange’s listing requirements but can remain listed on the exchange for a short time period.
• D: New issue of existing stock
• E: Delinquent or missed one or more SEC required filings (may also be denoted by .LF)
• F: Foreign issue
• G: First convertible bond
• H: Second convertible bond
• I: Third convertible bond
• J: Voting share
• K: Non-voting share
• L: Miscellaneous (e.g., foreign preferred, third-class of warrants, preferred when-issued, fifth class preferred shares, etc.)
• M: Fourth-class preferred shares
• N: Third-class preferred shares
• O: Second-class preferred shares
• P: First-class preferred shares
• Q: In bankruptcy proceedings
• R: Rights
• S: Shares of beneficial interest
• T: With warrants or with rights
• U: Units
• V: When-issued and when-distributed. These shares are about to go through a corporate action plan that has already been announced, such as a stock split.
• W: Warrants
• X: Mutual Funds
• Y: American Depository Receipt (ADR)
• Z: Miscellaneous situations (same as the letter L)
• OB: Over-the-counter bulletin board
• PK: Pink sheets stock
• SC: Nasdaq Small-cap
• NM: Nasdaq National Market

Insolvency

Insolvency is a term for when an individual or company can no longer meet their financial obligations to lenders as debts become due.

Creditor

A creditor is an entity (person or institution) that extends credit by giving another entity permission to borrow money intended to be repaid in the future.

Guarantor

A guarantor is a financial term describing an individual who promises to pay a borrower's debt in the event that the borrower defaults on their loan obligation.

References

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